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President Kenyatta secures US$238m in US investment

Kenyan’s President, Uhuru Kenyatta bagged US$238m worth of investments from two US companies after meeting with Donald Trump yesterday. The investments are geared towards the energy and food security sectors. Trump hailed the meeting with Kenyatta as “tremendous” and further said, “we have a tremendous relationship with Kenya. We have terrorism, a lot of trade, getting bigger all the time we are working on a major infrastructure project, a massive roadway that will be record-setting. We are going to conclude a lot of things, we have the president’s representative in the next room and we are going to be making some excellent deals for both countries.”

Uhuru Kenyatta attested to the fact that they had “very fruitful deliberations.” The US Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company closed a $232 million deal securing funds that will ensure a 100-megawatt grid-connected wind power plant in Kajiado is set up and functional. Trump was lobbying to have a US firm – Bechtel – to be awarded the contract for the construction of Sh380 billion six-lane Mombasa-Nairobi expressway. Kenyatta ended by saying, “Kenya is open for business and all we want to do is package our partnership in a way that it is mutually beneficial to you as a private sector and the people of Kenya.”

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